Batteries for Semiconductor Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Batteries for Semiconductor Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The batteries for semiconductor market is expected to grow at a CAGR of 5%, for the forecast period 2019-2024. Research conducted by MIT has shown that li-air and zinc-air batteries are studied to be the most suitable resort for the next-generation secondary batteries for EV (Electric Vehicle) applications, which will drive more power saver through semiconductor chips.

Key Highlights

• Increasing popularity of portable electronic gadgets coupled with the ever-increasing end-use electronic device manufacturers are driving the market. To address key portable system prerequisite such as reduced size, lighter weight, and heat dissipation, semiconductor devices correlated with power management functions have become increasingly application-specific and advancement in power semiconductor devices and high voltage IC continue to drive the fast evolution with increase innovation in portable products.
• Adoption of electric vehicle is driving the market. The rise of electric cars can be promptly seen as more charging stations pop up in cities around the developed countries. But in spite of the rising number of stations, battery life is still a concern for many electric vehicle owners and manufacturers, so Innovations in the semiconductor is highly being adopted in electric vehicles and these chips manufactured using precious metals are responsible for powering systems that store and apply updates to firmware.
• Susceptibility to fire hazards due to a specific cause of overheating, challenges the market to grow as well as it also damages the other part. With this effect manufacturers are bound to innovate a battery due to rising competition by other major players which may affect their operation management.

Key Market TrendsLithium Ion Battery in Electric Vehicle Holds the Significant Share

• The automotive sector is expected to be one of the major end-user segments for lithium-ion batteries in the near future. The penetration of electric vehicles is anticipated to provide a massive impetus for the lithium-ion battery industry growth and with new innovations, it is expected that the average battery density for these cars will increase effectively in coming years.
• A dual power supply system known as mild hybrid system and micro-hybrid system has been able to build a system at a much lower cost and is highly adopted in each automotive manufacturer. For instance, a leading semiconductor company, Infineon Technologies AG provides TLE9252V, a 14 and 8 pin automotive transceiver, which is designed for HS CAN networks with flexible data-rate up to 5 Mbit/s in automotive applications. This provides a dual power supply to electric vehicles for lithium-ion battery and provides high energy density to the vehicles.
• Innovations in the semiconductor industry is offering the potential for longer electric vehicle battery life. For instance, on Oct 2019, German car supplier Bosch announced that its new silicon carbide (SiC) semiconductor could add 6 percent to the range of electric vehicles. The silicon carbide chips save more battery energy than traditional silicon chips. That saved energy (Bosch says it's 50 percent less energy lost) goes to keeping the battery charged. The chips can work in higher temps and don't need as much cooling equipment, again cutting back on vehicle parts and supplies and eventually cost.

Asia-Pacific Account for Significant Market Growth

• Asia-Pacific shows a significant growth, where China and India are predicted to have major investment hotspots for battery companies in forecast period, on account of policy-level support from the governments.
• In China and India. with the deployment of electric vehicles and high number of installation of renewable power plants, it is expected to foster massive demand for batteries, which will drive the market effectively. Recently on Sep 2019, Siemens partners with TIES, a Chinese R&D Center to develop new technologies for electric vehicle batteries. This innovation center will provide the advanced battery innovation chain and industry chain with comprehensive digital services, including design and simulation, test and analysis, pilot verification and engineering simulation.
• Various innovations in semiconductors are being exhibited to improve the battery performance. Recently on June 2019, MagnaChip Semiconductor Corporation, a South Korean firm announced a new low-Rss(on) LV (Low Voltage) MOSFET with reduced chip size for smartphone battery PCMs (Protection Circuit Modules). This will extend the life and increase the protection for batteries in high-end LTE and 5G smartphones.

Competitive Landscape

The batteries for semiconductor market is highly fragmented and with the presence of numerous players and with the inception of semiconductor elements, there has been a high degree of miniaturization, making electronic equipment more compact and mobile which increases the production of battery. Key players are Samsung SDI Co Ltd, Sony Corporation, Panasonic Corporation. Recent developments in the market are -

• Oct 2019 - In the Journal of The Electrochemical Society, a group of scientists led by Jeff Dahn, who is a professor at Canada’s Dalhousie University and a research partner with Tesla, published a research paper where they presented the concept of a new battery which will be able to power an electric vehicle for approx one million miles. This battery thus, could make Tesla’s robot taxis and long-haul electric trucks viable. It is also predicted to last at least two decades in grid energy storage.
• May 2019 - Researchers at the Hong Kong Polytechnic University, developed a thin, highly flexible textile lithium (li) battery that could safely power wearable electronics used in healthcare monitoring, smart clothes and the Internet of Things (IoT). The battery is less than 0.5 mm thick and possesses fast charging/discharging capability with long cycle life comparable with conventional lithium batteries.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Samsung SDI Co Ltd
Sony Corporation
Panasonic Corporation
Varta AG
Toshiba Corporation
EnerSys
GS Yuasa Corporation
Faradion Limited
Routejade
TianJin Lishen Battery Joint
Stock Co. Ltd.

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.